DSEX gains 157 points to finish week bullish

The benchmark price index of Dhaka Stock Exchange (DSE) gained 157 points in the week ended Thursday despite the political situation remained uncertain, reports agency.
Compared to last week’s close, DSEX was 157 points up at 4841.72. Market analysts said undervaluation of share prices overtook the political uncertainty, resulting in a green full week, wiping away the investors’ disappointment at the continuous sluggishness in previous few weeks.
“Some of the companies were trading at lucrative valuation, which acted as the major catalyst for this upward movement in the market”, said Lanka Bangla Securities Limited.
The news of falling non-performing loan in banking sector also helped market get some extra strength. Bangladesh Bank (BB) recently reported 12.45 percent fall in default loans in banking sector for the last quarter of 2014.
Like the broader index, the blue-chip DS30 and Shariah DSES also remained strong in the week to recover previous loss and finish higher at 1812.35 and 1149.97 respectively.
Market saw significant improvement in activities in the week when the daily value of transacted shares rose by 36.0 percent.
On the concluding session of the week, the trade value stood at Taka 325 crore for 9.45 crore shares. Most of share prices also increased at the last session when 219 gained, 57 incurred loss and 32 remained unchanged.
The top gaining sectors of the week were miscellaneous (8.46 percent), cement (5.62 percent) and tannery (4.82 percent) when the food and allied was the only lagging sector with 0.92 percent fall.
Top gaining companies were Imam Button (55.1 percent), Beximco (24.1 percent), BSCCL (16.7 percent), Meghna Condense Milk (15.7 percent) and United Air (15.0 percent).
Conversely, top losing companies were CNA Textile (-10.6 percent), 1STPRIMFMF (-9.5 percent), Gemini Sea (-8.8 percent), and SPCL (-6.1 percent).